The Best Mortgage Lenders in Troy, SC
Compare verified mortgage lenders serving Troy, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Troy
Featured Mortgage Lenders
Casey Fleming
Movement Mortgage
Movement Mortgage is one of South Carolina's most prominent mortgage lenders with a strong statewide presence. As a top-producing loan officer with the company, Casey Fleming specializes in serving rural and suburban communities throughout South Carolina, including the Troy area. The company is particularly noted for its efficient processing times, competitive rates for USDA rural development loans (highly relevant for Troy), and exceptional customer service ratings. With deep roots in South Carolina and a focus on community lending, they consistently rank among the highest-rated mortgage providers in the region.
Loan Types:
Jason Ayers
PrimeLending
PrimeLending's Greenville office serves the entire Upstate region including McCormick County and Troy area. Jason Ayers has built a strong reputation for helping buyers in rural South Carolina communities navigate USDA and FHA loan programs. The company is known for its personalized service approach, competitive rate offerings, and extensive experience with South Carolina's rural housing programs. With over three decades in business and numerous local awards for customer satisfaction, PrimeLending maintains one of the strongest regional presences for mortgage services in the area.
Loan Types:
Mortgage Services Department
South Carolina Federal Credit Union
As one of South Carolina's largest credit unions, SC Federal has a strong statewide presence and specifically serves residents in rural areas like Troy. They offer highly competitive rates for members and specialize in USDA rural development loans that are particularly relevant for the Troy community. With their not-for-profit structure, they often provide lower fees and more flexible underwriting than traditional banks. The credit union has deep roots in South Carolina communities and consistently receives high marks for member satisfaction and local community support.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Troy, SC
What are the current mortgage rates like in Troy, SC, and how do they compare to state averages?
Mortgage rates in Troy typically align with national and South Carolina averages, but local lenders may offer competitive terms due to the smaller market. As of recent trends, rates in rural areas like Troy can sometimes be slightly higher than in major metros like Columbia or Greenville due to different risk assessments. It's crucial to shop around with local credit unions, community banks, and regional lenders for the best personalized rates.
Are there any down payment assistance programs specifically for homebuyers in Troy or McCormick County?
Yes, homebuyers in Troy can access statewide programs like the SC State Housing Finance and Development Authority's (SC Housing) Palmetto Home Advantage program, which offers down payment assistance and competitive rates. While there are no Troy-exclusive programs, eligibility for these state programs is based on income and credit, and they are actively utilized in rural counties like McCormick to promote homeownership.
How does the appraisal process work for unique or rural properties in Troy, given its location near Lake Thurmond?
Appraising properties in Troy can be challenging due to the mix of rural land, older homes, and waterfront properties near Lake Thurmond. Lenders often require appraisers with specific knowledge of the McCormick County market to find accurate comparables. For unique parcels, be prepared for potentially longer appraisal timelines and the possibility of a more conservative valuation, which could affect loan amounts.
What should I know about property taxes and insurance when calculating my mortgage payment in Troy?
McCormick County has relatively low property tax rates compared to urban areas in SC, which can make monthly payments more affordable. However, homeowners insurance, especially for properties near wooded areas or the lake, can be higher due to fire risk or flood considerations. Your lender will help you escrow these costs, but it's wise to get insurance quotes early in the process for an accurate payment estimate.
As a first-time homebuyer in Troy, what local lender resources are most helpful?
First-time buyers in Troy benefit from working with local community banks and credit unions familiar with the area, such as those based in McCormick or nearby Greenwood. These institutions often provide personalized guidance and may have more flexible criteria for local borrowers. Additionally, partnering with a real estate agent experienced in the Troy market is invaluable for navigating the limited inventory and understanding which properties will meet lender requirements.
Why Choose a Mortgage Lender in Troy?
Local Market Knowledge
Lenders who understand Troy's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in South Carolina.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Troy and get competitive rates on your home loan.